CFIB Newfoundland and Labrador

Jonathan P. Galgay | Director of Legislative Affairs | In business for your business / En affaires pour vos affaires

[CFIB Newfoundland and Labrador @CFIBNL]

CFIB calls on federal government to follow provinces by cutting small business taxes https://t.co/aRF6YRSRsk

[CFIB Newfoundland and Labrador @CFIBNL]

CFIB calls on federal government to follow provinces by cutting small business taxes

➡️Multiple provinces have followed CFIB's recommendation of providing relief to small businesses.

🚨It's time for Ottawa to do the same.

https://t.co/aRF6YRSRsk

[CFIB News @CFIBNews]

The Canadian Federation of Independent Business (CFIB) is raising concerns over the lack of transparency and progress of implementing direct-to-consumer (DTC) alcohol shipment policies, despite governments promising action by the end of May. 🔗 For more information, visit:
https://t.co/Q5ibPNgRcC

[CFIB Newfoundland and Labrador @CFIBNL]

CFIB calls out lack of progress on direct-to-consumer alcohol agreement ahead of month-end deadline https://t.co/Vw20Yfk0TW

[CFIB Newfoundland and Labrador @CFIBNL]

Small business confidence dropped 11.7 points in May, falling to 46.3, finds the Monthly Business Barometer by the Canadian Federation of Independent Business (CFIB).

Read the full report

⬇️ ⬇️ ⬇️

Small business confidence falls steeply in May https://t.co/9xwq1GfFUo

[CFIB Newfoundland and Labrador @CFIBNL]

Expectations mismatch fueling Canada's youth unemployment challenges https://t.co/IxlJpVrDRC

[CFIB News @CFIBNews]

Dan Kelly, President and CEO of the Canadian Federation of Independent Business (@CFIB), released the following statement on the passing of CFIB’s founder, John Bulloch:

“On behalf of the family, CFIB is very sad to share that our founder, John Bulloch, passed away on April 22, 2026, at age 92. John has left an incredible legacy.”

A full tribute to John Bulloch is available at: https://t.co/l8U48v8Hg4

[CFIB Newfoundland and Labrador @CFIBNL]

CFIB statement on founder John Bulloch’s passing https://t.co/sdYCEqptFm

[YOUR VOCM @590VOCM]

Up next on #YourMoney #TheFinancialShow,
@BDODebtSolution #LicensedInsolvencyTrustee
@nancy_snedden will be discussing #NLBudget2026
Guests ➡️@jasonhillyard @CPANL
Jonathan P. Galgay @CFIBNL

[CFIB Newfoundland and Labrador @CFIBNL]

Beyond Fuel: How Global Shipping Risks Are Adding to Small Business Cost Pressures https://t.co/qomRZ9un8B

[Dan Kelly @CFIB]

Great panel of CFIB’s Directors from across the country at our annual legislative meeting in Montreal. Happy to be working with these smart people.

[Dan Kelly @CFIB]

So far, programs like this have been useless for small firms. Even in programs created to support small firms hit by tariffs, Ottawa includes $ or staffing thresholds that exclude the majority of Canadian small businesses.

Typically, programs are created to sound helpful, but then design them to ensure they deliver as little as possible other than to a handful of large firms.

It is far better to provide broadly available tax or regulatory relief.

Ottawa unveils $1.5-billion in aid to industries hurt by U.S. tariffs /via @globeandmail https://t.co/FR2NaaYHsS

[Dan Kelly @CFIB]

A payroll tax cut that should be just a start https://t.co/4NoklWgwyL

[CFIB Newfoundland and Labrador @CFIBNL]

Amazing meal this evening at Bellissimo Bistro in Downtown St. John’s to support long standing CFIB member and head chef Joseph.

As both owner and chef, he was understandably too busy keeping operations running smoothly to step away for a photo. A great example of the dedication behind our local small business community. Thank you Joseph for the hospitality!!

[CFIB Newfoundland and Labrador @CFIBNL]

It’s Budget day in Newfoundland and Labrador

[Dan Kelly @CFIB]

My take on today’s Spring Economic Update.

[CFIB Newfoundland and Labrador @CFIBNL]

Spring economic update won’t halt the shrinking number of small businesses in Canada https://t.co/40bCa81ZmZ

[Dan Kelly @CFIB]

The federal spring economic update includes some welcome measures, but it is not enough to halt the alarming loss of small businesses across Canada.

The update continues the federal government’s focus on investments in major projects and large companies, with small and medium-sized firms stuck in the same old mix of red tape and high taxes. I don’t see much that will help Canada avoid a seventh quarter in a row of losses in the net number of small businesses. We need action to stop Canada’s entrepreneurial drought.

[Dan Kelly @CFIB]

While it is welcome news that the current year’s deficit is projected to be smaller than in the fall budget, it is worrisome there is no plan to return to a balanced budget.

Government is projecting deficits over $50 billion for as far as the eye can see and small firms have learned the hard way that today’s deficits become tomorrow’s taxes.

[Dan Kelly @CFIB]

The spring update does have one big win for small business – a significant reduction in Canada Pension Plan (CPP) premiums paid by employers and employees. Small firms are payroll intensive, and a cut in the premium rate from 9.9% to 9.5% will put $3 billion back into the pockets of employees and payroll budgets of employers.

This is good news and helps offset the unwelcome projected increase in Employment Insurance (EI) rates.

The other positive measures in today’s update include major changes to Canada’s apprenticeship supports focused on the trades. As long as we can keep the paperwork and red tape light, the new Apprenticeship Grant and $10,000 wage incentive for employers should be a big boost for small firms involved in Canada’s trades.

CFIB is very pleased the government listened to its request to make the new Employee Ownership Trust tax exemption permanent. Employee ownership is a great way to provide more options for entrepreneurs when they are looking to sell. Making this measure permanent will help ensure this measure is considered by more small business owners.